Refer to the information for Stahl Company above. Stahl Company was incorporated as a new business on

Question:

Refer to the information for Stahl Company above.
Stahl Company was incorporated as a new business on January 1, 2011. The company is authorized to issue 600,000 shares of $2 and 80,000 shares of 6 percent, $20 cumulative preferred stock. On January 1, 2011, the company issued 75,000 shares of for $15 per share and 5,000 shares of preferred stock for $25 per share. Net income for the year ended December 31, 2011, was $500,000.

Required:
What is the amount of Stahl’s total contributed capital at December 31, 2011? Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...